Billings William G. 4

What Happened
William G. Billings, Chewy's Chief Accounting Officer, was credited with 14,470 performance-based restricted stock units (PRSUs) on March 25, 2026 (transaction code A). The Form 4 reports the acquisition at $0.00 per unit (total reported cost $0) because these are equity awards, not an open‑market purchase. Per the filing, the performance conditions for these PRSUs were certified by Chewy’s Compensation Committee on March 5, 2026; the PRSUs vest on March 1, 2028, subject to continued employment.

Key Details

• Transaction date: March 25, 2026; reported acquisition price: $0.00; amount: 14,470 PRSUs (code A = award/grant).
• Filing date: March 27, 2026 — appears timely (filed within the Form 4 reporting window).
• Shares owned after transaction: not specified in the materials provided.
• Footnote F1: These 14,470 are performance-based RSUs (PRSUs) initially granted April 8, 2025; certification of performance occurred March 5, 2026; vesting on March 1, 2028, subject to continued employment.
• Footnotes F2–F4: The filing also references other time‑based RSU grants from Sept 20, 2024 and Apr 8, 2025 with staggered vesting through 2026–2027 (details in filing).
• Transaction type: award/grant (A). Not an open-market buy or sale.

Context
PRSUs are contingent rights to receive company stock if performance goals and service conditions are met; they are not immediate share ownership and carry no up‑front cash cost to the insider. Because this is a grant/award (not a purchase or sale), it does not directly signal a near‑term buy or sell by the insider — it reflects compensation tied to performance and retention.